sebi:WTM/RKA/EFD/190/2016
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Facts / Headnote
Interim order cum show cause notice dated June 22, 2015 disposed of; directions issued including refund of money with 15% interest, market access prohibitions, and association restraints
Provisions invoked
- s. 19
- s. 12(1)
- s. 73
- s. 28A
- s. 67(3)
- s. 67
- s. 56
- s. 291
- s. 73(1)
- s. 60
- s. 2(60)
- s. 67(1)
- s. 56(1)
- s. 56(4)
- s. 40(3)
Regulations
- Reg. 7
- Reg. 4(2)(a)
Parties
- Goldmine Industries Limited
- Shri Tushar Sur
- Shri Dinobandhu Mondal
- Shri Bablu Saha
- Shri Joydip Mukhopadhyay
- Goldmine Debenture Trust
- Smt. Sujata Saha
Holding
GIL's issuance of NCDs to more than 49 persons during FY 2011-12, FY 2012-13 and FY 2013-14 constituted a public issue, and GIL and its directors failed to comply with the Companies Act, 1956 and ILDS Regulations. Goldmine Debenture Trust acted as an unregistered debenture trustee in violation of section 12(1) of the SEBI Act read with regulation 7 of SEBI (Debenture Trustees) Regulations, 1993.
Full text
___________________________________________________________________________ Order in the matter of Goldmine Industries Limited Page 2 of 12
___________________________________________________________________________ Order in the matter of Goldmine Industries Limited Page 3 of 12
___________________________________________________________________________ Order in the matter of Goldmine Industries Limited Page 4 of 12
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Source: SecMarx — sebi:WTM/RKA/EFD/190/2016. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.